Hand Dryer Producers Witness Increased Products Uptake Due to Their Cost-Efficiency and Eco-Friendliness

TMR

- The global hand dryer market is expected to gather notable sales avenues and grow at a CAGR of approximately 7.1% during this forecast period of 2019 to 2027

- Asia Pacific is one of the lucrative regions showing high demand for hand dryers owing to increased focus on infrastructure development activities in the region

ALBANY, N.Y., Sept. 21, 2020 /PRNewswire/ -- Hand dryer is an electric machine used for the purpose of hand drying. The device comprises heating elements, air blower, and a sensor or a push button. Hand dryers are popularly used in various public places such as airports, hospitals, hotels and restaurants, offices, shopping malls, and other such places. One of the key reasons for the increased use of hand dryers is their cost-effectiveness. These products are helping organizations reduce the expenditure on various pricey options such as paper towels. Thus, the increased acceptance of this product in various places will stimulate the demand opportunities in the global hand dryer market.

Analysts at TMR largely concur that the global hand dryer market will show growth at anoutstanding CAGR of around 7.1% and gather substantial amount in the form of revenues during the forecast period of 2019 to 2027.

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Key Findings of Hand Dryer Market Report

• The global hand dryer market is foreseen to gain prominent expansion opportunities during the forecast period of 2019 to 2027.
• The market is projected to grow at a CAGR of approximately 7.1% during this forecast period.
• Of all product types, jet air dryer segment of hand dryer market is gaining lucrative avenues from all across the world.
• Among all regions, Asia Pacific is one of the prominent markets for hand dryer.
• The Asia Pacific hand dryer market is predicted to notable amount in the form of revenues during the tenure of 2019–2027.
• The market experiences high competition levels due to presence of many small and large-scale companies.

Explore 250 pages of top-notch research, incisive insights, and detailed country-level projections on Hand Dryer Market Hand Dryer Market (Product Type - Warm Air Dryers (WAD), Jet Air Dryers (JAD); End use - Hotels, Food Processing and Food Service, Office Buildings, Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/hand-dryer-market.html